This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
LBG Media plc
("LBG Media" or the "Company")
Director/PDMR Shareholding
LBG Media plc (AIM: LBG), the UK-based multi-brand, multi-channel digital youth publisher, announces that it has been notified that Alexander (Solly) Solomou, Chief Executive Officer, bought 900,000* ordinary shares of £0.001 each ("Shares") at a price of 51 pence per Share.
Following this transaction, Solly is beneficially interested in 86,627,999 Shares, representing 41.97 per cent. of the Company's issued share capital.
* 400,000 Shares were acquired in Solly's own name, and 500,000 Shares were acquired in the name of LAD Investments Limited, a company which is wholly owned by Solly.
For further information please contact:
| LBG Media plc Solly Solomou, Co-founder & CEO Arian Kalantari, Co-founder & COO Tim Croston, CFO | Via Buchanan |
| Zeus (Nominated Adviser & Sole Broker) Dan Bate / Nick Cowles (Investment Banking) Benjamin Robertson (Equity Capital Markets) | Tel: +44 (0) 161 831 1512 |
| Media enquiries: Buchanan Richard Oldworth / Chris Lane / Toto Berger / Jack Devoy | Tel: +44 (0) 20 7466 5000 |
Notification of Dealing Form:
| 1
| Details of the person discharging managerial responsibilities / person closely associate | |||||||
| a)
| Name
| Alexander Solomou | ||||||
| 2
| Reason for the notification
| |||||||
| a)
| Position/status
| Chief Executive Officer | ||||||
| b)
| Initial notification /Amendment | Initial notification | ||||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
| a)
| Name
| LBG Media plc | ||||||
| b)
| LEI
| 213800MF1QX5EE3RAV98 | ||||||
| 4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| |||||||
| a)
| Description of the financial instrument, type of instrument
| Ordinary Shares of 0.1 pence each in the Company ("Shares") | ||||||
| Identification code | ISIN: GB00BKPH9R58 | |||||||
| | | |||||||
| b)
| Nature of the transaction
| Purchase of shares by:
(a) Alexander Solomou (b) LAD Investments Limited (wholly owned by Alexander Solomou)
| ||||||
| c)
| Price(s) and volume(s) |
| ||||||
| d) | Aggregated Information
Volume
Price |
| ||||||
| e) | Date of transaction | 8 November 2022 | ||||||
| f) | Place of transaction | London Stock Exchange, AIM | ||||||
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